Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) Short Interest Update

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 453,343 shares, an increase of 37.0% from the January 15th total of 330,807 shares. Approximately 2.7% of the company’s shares are sold short. Based on an average trading volume of 510,982 shares, the short-interest ratio is presently 0.9 days. Based on an average trading volume of 510,982 shares, the short-interest ratio is presently 0.9 days. Approximately 2.7% of the company’s shares are sold short.

Maxeon Solar Technologies Stock Performance

Shares of NASDAQ:MAXN traded up $0.05 during midday trading on Friday, reaching $2.61. 102,223 shares of the company’s stock traded hands, compared to its average volume of 520,993. The stock has a 50 day moving average of $3.05 and a 200 day moving average of $3.41. Maxeon Solar Technologies has a one year low of $2.46 and a one year high of $6.02. The company has a market cap of $43.62 million, a price-to-earnings ratio of -0.02 and a beta of 1.12.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Maxeon Solar Technologies in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On Maxeon Solar Technologies

An institutional investor recently bought a new position in Maxeon Solar Technologies stock. Mackenzie Financial Corp bought a new stake in shares of Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 10,944 shares of the company’s stock, valued at approximately $37,000. Mackenzie Financial Corp owned 1.99% of Maxeon Solar Technologies at the end of the most recent quarter. 47.67% of the stock is currently owned by institutional investors and hedge funds.

Maxeon Solar Technologies Company Profile

Maxeon Solar Technologies, traded on NASDAQ as MAXN, is a global leader in the design and manufacture of high-efficiency solar panels. Utilizing its proprietary interdigitated back contact (IBC) cell architecture, Maxeon delivers advanced photovoltaic modules that offer superior performance, reliability, and durability to residential, commercial, and utility-scale customers. The company’s product portfolio includes a range of solar panels optimized for various installation scenarios and climates, underpinned by its commitment to quality and long-term warranty coverage.

Headquartered in Singapore, Maxeon operates manufacturing facilities in Malaysia, Mexico, and France, and maintains a broad footprint across the Americas, Europe, the Middle East, Africa, and Asia Pacific.